The term "housing recession" is being discussed more and more in the business press. As the Federal Reserve has hiked the federal funds rate, mortgage rates have doubled since the beginning of the year, driving down affordability. House price inflation has remained sky-high during the past year, but recent data from the government shows that prices fell 0.6% on a national basis.
Meanwhile, construction remains depressed, and the quantity of homes for sale remains low. How would a housing recession affect American Homes 4 Rent (NYSE: AMH) ?
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For further details see:
Why Declining Home Prices Won't Dent American Homes 4 Rent's Earnings